CiRBA Inc. today announced it has raised $15 million in its third round of
institutional funding led by Tandem Expansion Fund. Existing investors Sigma
Partners and Edgestone Capital Partners also participated in the deal. The
growth round of financing follows a series of enterprise-wide sales to some of
the largest financial institutions in the world. These enterprise customers
helped CiRBA achieve record software bookings in 2011.
CiRBA software provides intelligent control for infrastructure. CiRBA:
- controls workload placements, resource allocations and capacity
reservations, and
- enables automation by distributing intelligent commands that optimize
infrastructure and reduce operational risks to existing management solutions.
IT organizations are facing a new level of complexity in these dynamic
environments. Without continuous predictive intelligence to control and automate
infrastructure management, IT organizations will be unable to deliver promised
efficiencies and will introduce operational risk.
“Our extensive investigation into the cloud and virtualization management
software market clearly shows the need for a control system; software to help
deliver the promised efficiencies and drive automation. CiRBA is far ahead of
other software products both in terms of capability and customers with
enterprise deals of up to 100,000 servers. We feel we have made a great
investment and look forward to supporting their growth,” said Chris Legg,
Managing Partner, Tandem Expansion Fund.
“Tandem understands and supports high growth and innovative companies, and I
am pleased to have them on our team, including one of the founding partners of
Tandem, the technology entrepreneur Charles Sirois. I am also very pleased that
our existing VCs, Sigma and Edgestone, continue to support CiRBA’s growth
through additional investment. CiRBA is fortunate to have such a great group of
investors,” said Gerry Smith, president and CEO, CiRBA.